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Will Ares Management's new direct lending fund achieve a return of over 10% in its first year?
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Ares Management's annual financial report or official press release
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Ares Management Closes Record $34 Billion Direct Lending Fund with $15 Billion Equity Commitments
Jul 31, 2024, 01:36 PM
Ares Management has successfully closed its latest direct lending fund, amassing a record $34 billion. This fund represents the largest raise ever in the burgeoning private credit market. The fund includes $15 billion in equity commitments, surpassing the initial target of $10 billion. This significant capital base highlights the growing appetite from limited partners (LPs) in the private credit asset class. The announcement was made on Wednesday.
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